Finding operating and free cash flows Consider the balance sheets and selected data from the income statement of Keith Corporation that follow I a. Calculate the firm's net operating profit after taxes (NOPAT) for the year ended December 31, 2019 b. Calculate the firm's operating cash flow (OCF) for the year ended December 31, 2019. c. Calculate the firm's free cash flow (FCF) for the year ended December 31, 2019 d. Interpret, compare and contrast your cash flow estimate in parts (b) and (c) a. The net operating profit after taxes is $ (Round to the nearest dollar Keith Corporation Balance Sheets December 31 Assets 2019 2018 Cash $1,510 $1,040 Marketable securities 1,800 1,250 Accounts receivable 2,050 1,830 Inventories 2,850 2,850 Total current assets $8,210 $6,970 Gross fixed assets $29,520 $28,080 Less: Accumulated depreciation 14,730 13,110 Net fixed assets $14,790 $14,970 Total assets $23,000 $21,940 Liabilities and Stockholders' Equity Accounts payable $1,650 $1,540 Notes payable 2,840 2,250 Accruals 200 300 Total current liabilities $4,690 $4,090 Accounts payable Notes payable Accruals Total current liabilities Long-term debt Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and stockholders' equity 2,840 200 $4,690 $4,920 $9,610 $9,950 3,440 $13,390 $23,000 2,250 300 $4,090 $5,070 $9,160 $9.950 2,830 $12,780 $21,940 Income Statement Data (2019) Depreciation expense Earnings before interest and taxes (EBIT) Interest expense Net profits after taxes Tax rate $1,620 2,750 365 1,884 21%